Financial Performance
This section provides a summary of the NBA’s financial performance for 2012-13. Details of departmental and administered results are shown in the audited financial statements, and this summary should be read in conjunction with those statements.
Audit report
The NBA received an unqualified audit report for 2012–13.
Departmental finances
The NBA’s departmental finances cover the NBA’s operations.
Operating result
The NBA’s income statement reports a 2012–13 operating deficit of $0.642 million, compared with an operating deficit of $0.664 million in 2011–12. Table 4.2 shows the key results for the period 2008-09 to 2012-13.
TABLE 4.2 Key results in financial performance, 2008–09 to 2012–13
| Revenue & expenses | 2008-09 ($’000) | 2009-10 ($’000) | 2010-11 ($’000) | 2011-12 ($’000) | 2012-13 ($’000) |
|---|---|---|---|---|---|
| Contributions from the Australian Government | 5.865 | 5.712 | 5.948 | 5.686 | 6.201 |
| Contributions from States and Territories and other revenue | 3.989 | 3.812 | 4.074 | 4.030 | 4.106 |
| Total revenue | 9.854 | 9.524 | 10.022 | 9.716 | 10.307 |
| Employee expenses | 6.162 | 5.636 | 5.869 | 6.776 | 6.490 |
| Supplier expenses | 2.709 | 2.677 | 3.114 | 2.840 | 3.569 |
| Other expenses | 0.878 | 1.162 | 0.801 | 0.764 | 0.890 |
| Total expenses | 9.749 | 9.475 | 9.784 | 10.380 | 10.949 |
| Operating result | 0.105 | 0.049 | 0.238 | (0.664) | (0.642) |
Revenue
Total departmental revenue received in 2012–13 amounted to $10.307 million: $6.201 million in funding from the Australian Government; $4.012 million in contributions received from the states and territories and other revenue; and $0.094 million for resources received free of charge. This represents an increase of $0.591 million (6.1 per cent) on revenue received in 2011–12. Other revenue refers to contributions arising from officers transferring from other agencies.
Expenses
The NBA’s expenses for 2012–13 amounted to $10.949 million, five per cent higher than in 2011–12.
Balance sheet
Details of the NBA’s assets and liabilities are presented in the audited financial statements in this report.
Financial assets
The NBA held cash of $7.687 million at 30 June 2013. Funds received from all jurisdictions are transferred to the Official Public Account held by the Department of Finance and Deregulation until required for expenditure. In the NBA’s financial statements these funds are classified as cash.
Non-financial assets
The increase in the carrying amount of non-financial assets largely resulted mainly from the move to new premises by the NBA. The NBA undertook a fit out of new premises, thus the increase in leasehold improvements. Also included in the fit out were some new workstations.
Payables
Payables to suppliers and other payables increased by $0.277 million, up from $0.722 million in 2011-12.
Provisions
Employee provisions, which cover annual and long service leave entitlements, increased slightly by $0.155 million to $1.372 million.
Administered finances
The NBA’s administered finances include contributions from all states and territories and the Australian Government for the supply of blood and blood products. Each year the Standing Council on Health (SCoH) approves an annual NSP&B, which is formulated by the NBA from demand estimates provided by the states and territories.
Revenue
Total revenue for 2012–13 is presented in Table 4.3. Total revenue increased by $23.4 million (a two per cent increase, down from ten per cent the prior year) for the current financial year.
TABLE 4.3 Administered revenue, 2008–09 to 2012–13
| Administered revenue | 2008-09 ($’000) | 2009-10 ($’000) | 2010-11 ($’000) | 2011-12 ($’000) | 2012-13 ($’000) |
|---|---|---|---|---|---|
| Funding for supply of blood and blood products | 827.640 | 871.195 | 939.212 | 1,015.586 | 1,049.337 |
| Total administered revenues | 829.190 | 872.549 | 941.016 | 1,034.910 | 1,058.281 |
Expenses
Total administered expenses for 2012-13 including grants and rendering of goods and services is presented in Table 4.4. Administered expenses for 2012–13 increased by 5.9 per cent over those for 2011–12. A key contributor to the outcome was a marked reduction in the demand for fresh blood products as a result of improvements in appropriate use.
TABLE 4.4 Key results of administered expenses, 2008–09 to 2012–13
| Administered expense | 2008-09 ($’000) | 2009-10 ($’000) | 2010-11 ($’000) | 2011-12 ($’000) | 2012-13 ($’000) |
|---|---|---|---|---|---|
| Grants to the private sector - non-profit organisation | 433.385 | 456.881 | Nil | 7.773 | 8.092 |
| Rendering of goods and services - external entities | 356.568 | 402.143 | 937.954 | 947.820 | 1,003.772 |
| Other | 3.103 | 0.128 | 0.310 | 0.291 | 0.493 |
| Total administered expenses | 793.056 | 859.152 | 938.264 | 955.884 | 1,012.357 |
Administered assets and liabilities
Administered assets comprise the following:
- funds held in the Official Public Account
- investments made in relation to the NMF
- Goods and Services Tax (GST) receipts from the Australian Taxation Office and payment to suppliers for products
- blood and blood product inventory held for distribution, including the national reserve of blood products
- a prepayment to the Blood Service as part of the transition to the OBFM.
Administered liabilities comprise payables to suppliers.
As a result of the surplus described above, net administered assets increased by $54.3 million during 2012–13.